[JumpCrisscross]

> Consumer spending is not "wealth destruction" -- who makes the fantasy coffins? Who prints the banners? Local businesses!

This is the parable of the broken window [1].

> Ghana is sitting at a 5.6% GDP growth rate

Ghana is a success story in large part due to having made a clear-eyed recovery after its 2015 IMF bailout.

[1] https://en.wikipedia.org/wiki/Parable_of_the_broken_window

[haritha-j]

Thank you, TIL about the parable of the broken window. I was thinking the same thing when reading the comments, surely that money would still benefit the economy if say it was invested in the education of a child, but it would also act as a economic multiplier as the child can now contribute more to the economy. But I never knew there was a term for it.

Especially this line really highlights it: > by the 2000s, many Ghanaian hospitals were earning more from storing dead bodies than from treating living patients.

Surely those resources are better spent healing the living.